ADING: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ADING
Largest movements
- Receivables within one year -€24,957
down €24,957 (-20.5%), from €121,487 to €96,530
of which Trade receivables: -€23,537
- Stocks and contracts -€23,135
no longer reported in 2025 (was €23,135)
- Tangible fixed assets -€6,400
down €6,400 (-3.5%), from €184,691 to €178,291
- Tax, wage and social debts -€45,830
down €45,830 (-75.0%), from €61,115 to €15,285
of which Taxes: -€38,194
- Other debts -€11,630
down €11,630 (-23.0%), from €50,500 to €38,870
- Reserves +€6,810
up €6,810 (+2.4%), from €279,166 to €285,976
of which Distributable reserves: +€6,810
- Gross operating margin -€81,941
down €81,941 (-38.0%), from €215,473 to €133,532
- Staff costs -€31,287
down €31,287 (-34.6%), from €90,309 to €59,022
- Taxes -€15,663
down €15,663 (-49.6%), from €31,564 to €15,901
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €401,325 | €350,559 | -€50,765 | -12.6% |
| Fixed assets | 21/28 | €184,731 | €178,331 | -€6,400 | -3.5% |
| Tangible fixed assets | 22/27 | €184,691 | €178,291 | -€6,400 | -3.5% |
| Land and buildings | 22 | €159,849 | €158,247 | -€1,602 | -1.0% |
| Plant, machinery and equipment | 23 | €13,846 | €10,710 | -€3,136 | -22.6% |
| Furniture and vehicles | 24 | €10,996 | €9,334 | -€1,663 | -15.1% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €216,594 | €172,228 | -€44,365 | -20.5% |
| Stocks and contracts in progress | 3 | €23,135 | - | -€23,135 | |
| Contracts in progress | 37 | €23,135 | - | -€23,135 | |
| Amounts receivable within one year | 40/41 | €121,487 | €96,530 | -€24,957 | -20.5% |
| Trade receivables | 40 | €51,442 | €27,905 | -€23,537 | -45.8% |
| Other amounts receivable | 41 | €70,045 | €68,625 | -€1,420 | -2.0% |
| Cash at bank and in hand | 54/58 | €70,972 | €74,699 | +€3,727 | +5.3% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €401,325 | €350,559 | -€50,765 | -12.6% |
| Equity | 10/15 | €285,806 | €292,616 | +€6,810 | +2.4% |
| Contributions | 10/11 | €6,640 | €6,640 | = | 0.0% |
| Reserves | 13 | €279,166 | €285,976 | +€6,810 | +2.4% |
| Tax-exempt reserves | 132 | €45,975 | €45,975 | = | 0.0% |
| Distributable reserves | 133 | €233,191 | €240,000 | +€6,810 | +2.9% |
| Amounts payable | 17/49 | €115,519 | €57,944 | -€57,575 | -49.8% |
| Amounts payable within one year | 42/48 | €115,519 | €57,944 | -€57,575 | -49.8% |
| Trade debts | 44 | €3,904 | €3,789 | -€115 | -2.9% |
| Suppliers | 440/4 | €3,904 | €3,789 | -€115 | -2.9% |
| Taxes, remuneration and social security | 45 | €61,115 | €15,285 | -€45,830 | -75.0% |
| Taxes | 450/3 | €40,918 | €2,724 | -€38,194 | -93.3% |
| Remuneration and social security | 454/9 | €20,197 | €12,561 | -€7,636 | -37.8% |
| Other amounts payable | 47/48 | €50,500 | €38,870 | -€11,630 | -23.0% |
| Remuneration, social security and pensions | 62 | €90,309 | €59,022 | -€31,287 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,194 | €13,384 | +€189 | +1.4% |
| Other operating charges | 640/8 | €1,012 | €1,306 | +€294 | +29.1% |
| Gross operating margin | 9900 | €215,473 | €133,532 | -€81,941 | -38.0% |
| Operating profit (loss) | 9901 | €110,958 | €59,821 | -€51,137 | -46.1% |
| Financial income | 75/76B | €2,906 | €2,674 | -€232 | -8.0% |
| Recurring financial income | 75 | €2,906 | €2,674 | -€232 | -8.0% |
| Financial charges | 65/66B | €760 | €914 | +€154 | +20.3% |
| Recurring financial charges | 65 | €760 | €914 | +€154 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €113,103 | €61,580 | -€51,523 | -45.6% |
| Income taxes | 67/77 | €31,564 | €15,901 | -€15,663 | -49.6% |
| Profit (loss) for the period | 9904 | €81,539 | €45,680 | -€35,860 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,539 | €45,680 | -€35,860 | -44.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.